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John McAfee: Bitcoin (BTC) Is Unstoppable from Long-Term Perspective, Price Manipulation Does Not Matter

  • Yuri Molchan
    📰 News

    In several recent tweets, McAfee, the long-term Bitcoin supporter, insists that nothing can stop Bitcoin in the end and it will win like any other technology. He also advised not to worry about price manipulation in the crypto market


John McAfee: Bitcoin (BTC) Is Unstoppable from Long-Term Perspective, Price Manipulation Does Not Matter
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John McAfee, who is currently running a US presidential campaign in order to popularize cryptocurrencies, and has been a Bitcoin supporter for a very long time, has recently posted several tweets in which he assures that Bitcoin will get ahead of all its opponents in the end.

John McAfee


Bitcoin is bound to win

As per McAfee’s recent statements on Twitter, Bitcoin supporters should believe in the father of crypto no matter what. He also compared crypto with the very first automobiles when those appeared in the age of steam-powered locomotives.

As for the price manipulation that many suspected in 2018 and even now, he told them to calm down, assuring everyone that nothing can stop Bitcoin from mass adoption eventually.

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SEC screams of manipulation in the crypto market

McAfee’s tweets seem to be provoked by the recent public words of Jay Clayton, the head of the SEC. Last week in one of his speeches he mentioned big players manipulating prices in the market of digital assets.

As per Clayton, this manipulation is the main thing preventing the SEC from giving the green light to Bitcoin ETFs (exchange-traded funds). As another reason for the delay in approval, he names high volatility in the crypto market overall.

Previously, McAfee called the SEC abusive names using medical terms and swear language and even called out Clayton for a debate. But the latter never took place.

SEC screams of manipulation in the crypto market

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
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